Randal

Randal’s an enterprising, very humble, 40-year-old, married man living with his family at present. He requested a loan with the wish to buy potato seeds and supplies like manure and fumigating agents to start this project. This gentleman’s only limiting factor is the lack of money to continue growing and providing joy to his entire family since they depend on this economic activity to get ahead; this is his reason for requesting a loan. This is his first Fudecosur loan. He has no other loans with state banks and Fudecosur offered the best terms and a much lower interest rate.

Additional Information

More information about this loan

FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.

About FUDECOSUR:

The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.